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5. (TCO C) For the year ended December 31, 201X,Sky Inc. reported the following. Net income $65,000 Preferred dividends declared, $20,000 Common dividend declared, $3,000

5.(TCO C) For the year ended December 31, 201X,Sky Inc. reported the following.

Net income $65,000
Preferred dividends declared, $20,000
Common dividend declared, $3,000
Unrealized holding loss, net of tax; Available-For-Sale-Securities $2,000
Retained earnings $80,000
Common stock, $40,000
Accumulated Other Comprehensive Income, Beginning Balance 5,000

What would Sky report as its ending balance of accumulated other comprehensive income?(Points : 20)

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